Legal Property Agreement to Sale
1 year ago
Is there a Minimum amount of transaction to consider a Agreement to Sale/Purchase of a property a Legal Document. For e.g if a property is of 1Cr, then Buyer must have paid 20 Lakh to Seller
A.Hi client,
Yes , there is a certain amount which is payable during the execution of such deed.
It includes all the things as mentioned by Advocate Anik.
Thanks and Regards
Yes , there is a certain amount which is payable during the execution of such deed.
It includes all the things as mentioned by Advocate Anik.
Thanks and Regards
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A.Dear Client
There are two things first is there is circle rate of the property which is written on your sale agreement and stamp duty is charged for the same. secondly there is market value suppose 1 Crore. Your property in the eyes of municipal corporation and other Govt agencies is 20 lakh only and you need to pay stamp duty on 20 lakh in order to register your property in your name.
Hope it helps.
There are two things first is there is circle rate of the property which is written on your sale agreement and stamp duty is charged for the same. secondly there is market value suppose 1 Crore. Your property in the eyes of municipal corporation and other Govt agencies is 20 lakh only and you need to pay stamp duty on 20 lakh in order to register your property in your name.
Hope it helps.
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